Y Intercept Hong Kong Ltd Buys Shares of 7,164 Clean Harbors, Inc. (NYSE:CLH)

Y Intercept Hong Kong Ltd acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,164 shares of the business services provider's stock, valued at approximately $1,412,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Clean Harbors by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after buying an additional 11,814 shares during the last quarter. Wellington Management Group LLP raised its stake in Clean Harbors by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock valued at $930,707,000 after purchasing an additional 592,341 shares during the last quarter. Select Equity Group L.P. lifted its holdings in Clean Harbors by 4.8% in the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock valued at $403,085,000 after purchasing an additional 80,436 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after purchasing an additional 697,630 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Clean Harbors by 0.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock worth $371,002,000 after purchasing an additional 13,167 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Insider Buying and Selling

In other news, Director John R. Welch sold 1,250 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total value of $285,637.50. Following the completion of the sale, the director owned 11,402 shares of the company's stock, valued at $2,605,471.02. This represents a 9.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian P. Weber sold 3,035 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the transaction, the executive vice president directly owned 54,548 shares in the company, valued at $12,391,669.16. This trade represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,112 shares of company stock valued at $3,416,406 over the last ninety days. Insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of analyst reports. Needham & Company LLC cut their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Robert W. Baird upped their target price on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Truist Financial decreased their price target on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, UBS Group dropped their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $259.70.

Clean Harbors Trading Up 1.9%

CLH traded up $4.35 on Friday, reaching $235.28. 357,967 shares of the company's stock were exchanged, compared to its average volume of 341,567. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company's 50 day moving average is $228.82 and its 200-day moving average is $220.02. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.98 and a current ratio of 2.37. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 32.59 and a beta of 1.16.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The business's quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.